The second highest price paid for the purchase of a sports team was marked by the sale of Chelsea FC, by the Russian billionaire Roman Abramovich, who is facing sanctions in an investment team led by the American Todd Bolly.
Pending the approval of the regulators, the agreement reached values ​​the English football team at 3.09 billion dollars (with yesterday’s exchange rate of the British pound at 1.236 dollars).
This is the second largest in history after the $ 3.2 billion paid by Joseph Chai to acquire the Brooklyn Nets basketball team in the NBA in 2019.
It is noted that a year ago Forbes valued Chelsea as the seventh most expensive football team in the world, with a value of $ 3.2 billion, which means that the current sale price is 8% lower, ie just below inflation in the UK over the last 12 months.
It is noted that in addition to the $ 3.09 billion they agreed to pay for Chelsea, the new owners also pledged $ 2.16 billion in investments, including the men’s team (Stamford Bridge) and of women (Kingsmeadow).
This amount is likely to increase Chelsea’s valuation, but should not be considered part of the “purchase price”, as the value of a business increases only when the investment is made, according to Forbes.
The deal for Chelsea is similar to the acquisition of the Milwaukee Bucks in 2014, when a team led by Wes Edens and Mark Lasry paid $ 550 million (425 million equity and 125 million in debt) to acquire his team. NBA.
They also pledged to invest at least $ 100 million in a new stadium, which was not included in the value of the business. The Bucks acquired their new stadium and now their value is estimated at 1.9 billion dollars.
Source: Capital
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